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Sep 28, 2020

Elon Musk says he likely will take Starlink satellite internet service public in ‘several years’

Posted by in categories: business, Elon Musk, internet, satellites

SpaceX CEO Elon Musk on Monday reiterated the likelihood that his private space company will likely take its Starlink satellite internet service public in the coming years.

“We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable,” Musk said in a tweet. “Public market does not like erratic cash flow haha.”

SpaceX leadership has previously discussed the idea, with company President Gwynne Shotwell in February telling a group of investors in February that “Starlink is the right kind of business that we can go ahead and take public,” adding that the company could spin it off.

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